Brief: Seche Environnement End-June Net Loss Group Share Turns To Profit Of 13.5 Million Euros

Seche Environnement SA

13/09/2021 16:45

Sept 13 (Reuters) - SECHE ENVIRONNEMENT  CCHE.PA :
    * END-JUNE CONTRIBUTED TURNOVER EUR 354.7 MILLION VERSUS EUR
299.7
MILLION YEAR AGO
    * END-JUNE NET PROFIT GROUP SHARE EUR 13.5 MILLION VERSUS
LOSS EUR
0.9 MILLION YEAR AGO
    * END-JUNE NET FINANCIAL DEBT (IFRS) EUR 465.5 MILLION
VERSUS EUR
445.5 MILLION YEAR AGO
    * END-JUNE RECURRING OPERATING INCOME EUR 32.9 MILLION
VERSUS EUR
13.0 MILLION YEAR AGO
    * SHOULD ACHIEVE IN 2021 MOST OF TARGETS IT HAD SET AT END
OF ITS
ROADMAP FOR 2022
    * OUTLOOK 2021: CONTRIBUTED TURNOVER CLOSE TO EUR 750
MILLION,
I.E. MINIMUM TARGET SET FOR 2022
    * OUTLOOK 2021: GROSS OPERATING SURPLUS BETWEEN 21% AND 22%
OF
CONTRIBUTED TURNOVER
    * OUTLOOK 2021: IMPROVED FINANCIAL LEVERAGE TO AROUND 2.7X
    * ON INTERNATIONAL LEVEL, MOST REGIONS SHOULD CONFIRM RETURN
TO
GROWTH
    * SHOULD CONTINUE TO BENEFIT IN FRANCE FROM CONTINUED STRONG
INDUSTRIAL MARKETS IN H2 2021
    * WILL ADD TO ITS SELECTIVE INVESTMENTS POLICY DEVELOPMENT
PROJECTS FOR AROUND EUR 20 MILLION FOR FY
    * INDUSTRIAL INVESTMENTS OF AROUND EUR 90 MILLION WILL BE
COMMITTED IN ACCORDANCE WITH GROUP'S LIQUIDITY AND FLEXIBILITY
TARGETS
    * NEW PROSPECTS FOR BUSINESS GROWTH AND INCREASED OPERATING
PROFITABILITY IN MEDIUM TERM WILL BE DETAILED DURING INVESTOR
DAY AT END OF 2021

Source text for Eikon:  ID:nBw8JM1h3a 
Further company coverage:  CCHE.PA 

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